Hsbc Holdings PLC Acquires 218,339 Shares of iShares Gold Trust $IAU

Hsbc Holdings PLC lifted its holdings in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) by 51.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 646,402 shares of the exchange traded fund’s stock after purchasing an additional 218,339 shares during the quarter. Hsbc Holdings PLC owned approximately 0.08% of iShares Gold Trust worth $52,467,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Godfrey Financial Associates Inc. acquired a new position in iShares Gold Trust during the fourth quarter worth $25,000. Monetary Solutions Ltd bought a new stake in shares of iShares Gold Trust during the 4th quarter worth about $26,000. Rossby Financial LCC increased its holdings in shares of iShares Gold Trust by 75.7% during the 4th quarter. Rossby Financial LCC now owns 325 shares of the exchange traded fund’s stock valued at $26,000 after acquiring an additional 140 shares during the last quarter. Gables Capital Management Inc. increased its holdings in shares of iShares Gold Trust by 173.1% during the 4th quarter. Gables Capital Management Inc. now owns 355 shares of the exchange traded fund’s stock valued at $29,000 after acquiring an additional 225 shares during the last quarter. Finally, Motiv8 Investments LLC bought a new position in shares of iShares Gold Trust in the 4th quarter valued at approximately $29,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of IAU stock opened at $77.51 on Monday. iShares Gold Trust has a 12 month low of $61.60 and a 12 month high of $104.40. The company has a market cap of $64.02 billion, a PE ratio of 5.53 and a beta of 0.18. The business’s 50 day moving average is $82.89 and its two-hundred day moving average is $87.50.

iShares Gold Trust News Summary

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iShares Gold Trust Profile

(Free Report)

iShares Gold Trust (the Trust) is to own gold transferred to the Trust in exchange for shares issued by the Trust (Shares). Each Share represents a fractional undivided beneficial interest in the net assets of the Trust. The assets of the Trust consist of gold held by the Trust’s custodian on behalf of the Trust. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

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Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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